Gone with the Wind? An Empirical Analysis of the Renewable Energy Rent Transfer

Tutkimustuotos: TyöpaperiWorking paperProfessional

Abstrakti

Subsidies to renewable energy are costly and contentious. We estimate the reduction in prices that follows from the subsidized entry of wind power in the Nordic electricity market. A relatively small-scale entry of renewables leads to a large-scale transfer of surplus from the incumbent producers to the consumers: 10 % market share for wind generation eliminates one-half of the total electricity market expenditures. The subsidies generate net gains to consumers. We develop an approach to analyzing storage and renewable energy in equilibrium, and provide an anatomy of a market dominated by such technologies.
AlkuperäiskieliEnglanti
Sivumäärä69
VuosikertaCESifo Working Paper No. 6250
DOI - pysyväislinkit
TilaJulkaistu - jouluk. 2016
OKM-julkaisutyyppiD4 Julkaistut kehitykset tai tutkimusraportit tai tutkimukset

Sormenjälki

Sukella tutkimusaiheisiin 'Gone with the Wind? An Empirical Analysis of the Renewable Energy Rent Transfer'. Ne muodostavat yhdessä ainutlaatuisen sormenjäljen.

Siteeraa tätä